Bitcoin rebounded above $77,000 on Monday after sliding to near $74,000 over the weekend, buoyed by optimism over a possible U.S.-Iran peace deal and growing institutional adoption of crypto derivatives.
The world's largest cryptocurrency last traded 0.6% higher at $77,444.0 by 02:48 ET.
Broader financial markets steadied as signs of progress in talks to end the nearly three-month Middle East conflict eased fears of prolonged oil shipment disruptions.
Global equities rallied while oil prices extended declines on hopes that shipping flows could normalize. However, sentiment remained cautious after President Donald Trump said there was "no rush" to finalize a deal with Iran, tempering expectations.
Crypto markets also drew support from news that Nasdaq PHLX received conditional SEC approval to list cash-settled Bitcoin index options under the ticker QBTC, pending final CFTC approval.
The proposed contracts will track the CME CF Bitcoin Real Time Index and settle in U.S. dollars, allowing investors to trade through traditional brokerage accounts without separate crypto accounts.
